Jiejie Microelectronics posts strong revenue growth in Q3 despite profit dip

Jiangsu Jiejie Microelectronics' year-to-date operating revenue rose 24.70% to 2.5bn yuan. However, net profit attributable to shareholders decreased 15.65% for the quarter to 100.08m yuan. Despite this, year-to-date net profit attributable to shareholders still saw a 4.30% rise, amounting to 346.92m yuan.

The company's total assets grew by 6.32% to 8.56bn yuan, with owners' equity up 1.54% to 5.9bn yuan. Cash flow from operating activities increased by 7.98% year-to-date, reaching 588.59m yuan.

Key changes in the balance sheet include a 100.01% increase in transactional financial assets due to higher investments in structured deposits, and a 729.02% surge in short-term borrowings. Inventory also rose by 30.39% as sales volumes increased.